AMD (AMD): No PC Bottom In Sight
Intel (INTC) sees a bottom to the falling demand for PCs. Smaller competitor AMD (AMD) does not. During the Intel earnings conference call, the company’s CEO said that PC sales had leveled off. Contrasting…
All Work
Douglas A. McIntyre
GM (GM) Finally Looks In The Mirror
For all of the restructuring work that GM (GM) has done, all the layoffs, and negotiations with the UAW and creditors, it has never admitted that the domestic car market may not rebound for…
The Treasury Secretary Thumbs His Nose At Congress
Tim Geithner, the Secretary of the Treasury, spent some of the early parts of his career being attacked by Congress. Legislators were not happy that he could not come up with details about the…
The End Of “New Media” (YHOO)(NYT)(GOOG)
Both Yahoo! (YHOO) and The New York Times Company (NYT) reported earnings for the first quarter and there was noticeable synchronicity between them. Yahoo!’s revenue dropped 13% to $1.58 billion and net fell nearly…
Media Digest 4/22/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Yahoo!’s (YHOO) profit dropped 80% and it will cut 5% of staff. Reuters reports that Chrysler bondholders offered to swap some debt for equity. Reuters reports that Geithner says most banks…
Asia Markets And Europe Open 4/22/2009
Markets in Asia were mixed. The Nikkei was up .2% to 8,727. The Hang Seng was down 1.7% to 15,027. The Shanghai Composite was down 2.9% to 2,461. At the open in Europe. the…
IPO FILING: Ellora Energy (LORA)
Ellora Energy Inc. has just joined the line of possible initial public offerings. While no IPO terms were listed, it does plan to sell up to $100 million in securities for filing purposes. Ellora…
Amazon Gets Deeper Into Media Downloads (AMZN)
Amazon.com, Inc. (NASDAQ: AMZN) is getting further into the media download game. The online retail aggregator and seller of books, CDs, and DVDs has announced that its customers can now rent box-office favorites and…
Seagate Gets Used To Losses (STX, WDC)
Seagate Technology (Nasdaq: STX) posted its fiscal third quarter earnings, with non-GAAP EPS coming in at -$0.56 EPS on $2.15 billion in revenues. Estimates from Thomson Reuters were -$0.45 EPS on $2.01 billion for…
Yahoo! (YHOO) Sneaks By The Hangman, A Little Slip In Q2 Could Push Firm To Only Break Even
Yahoo! (YHOO) did not do well in the first quarter, but it did not do as badly as feared. EPS for the period were $.08, which is what the market expected. The portal company…
AMD Plays Confusion Game (AMD)
Advanced Micro Devices Inc. (NYSE: AMD) has posted non-GAAP earnings of -$0.66 EPS (including -$0.04 impact) on revenues of $1.177 billion, flat sequentially and down some 21% year over year. Estimates were -$0.66 EPS…
SanDisk Embraces ‘Less-Bad’ Notion (SNDK)
SanDisk Corp. (NASDAQ: SNDK) reported earnings of -$0.48 in non-GAAP EPS on a 22% revenue decline to $659 million. Estimates from Thomson Reuters were -$0.76 EPS on $537.7 million in sales for the quarter. …
$1 Trillion Public Private Partnership Investment Program In Trouble (JPM)
It seems that when Congress is not in session that there is at least some peace, some tranquility, and some notion of what the rules of the great financial game for tomorrow will be. …
Geithner Say “Vast Majority” Of US Banks Have Surplus Capital, But Which Ones Don’t?
In his hide-and-go-seek testimony before the Congressional Oversight Panel, Secretary of the Treasury Geithner said that the “vast majority” of banks have more capital than they need. He did not say which banks were…
Jefferies, Proving To Be Rainmakers’ Alternative (JEF, BAC, GS)
Jefferies Group Inc. (NYSE: JEF) has started to be viewed as one of Wall Street’s beneficiaries of all the financial turmoil. It isn’t that the company is immune to the woes of the market.…
Pressure on Uranium Prices, Real or Not? (CCJ, URRE, DNN, NLR)
Because there is no real established exchange for buying and selling uranium, the workings of the uranium mining business is pretty much as mysterious to most of us as the nuclear reaction itself. One…
The Four Biggest Enviro-Scams
Green claims that make us see red. By Amy Tennery of The Big Money In greenwashing, as in life, there are seven sins. There’s the sin of the hidden trade-off, for example, the sin…
IMF Joins List Of Those Saying Banks Need More Capital
Each time the IMF looks at the global banking industry, its pessimism grows. Its concerns have risen so sharply in the last four months that it now believes that major banks will have to…
The Silver Lining of Lower DJIA Earnings (CAT, KO, DD, IBM, MRK, UTX)
There have been some pretty poor reports on earnings from DJIA components such as Caterpillar Inc. (NYSE: CAT), The Coca-Cola Company (NYSE: KO), EI DuPont de Nemours & Co. (NYSE: DD), International Business Machines…
Another Oilfield Services Firm Falters (BJS, HAL, WFT, SLB)
This is turning into a lousy week for oilfield services company. Today’s really downbeat earnings report from BJ Services Co. (NYSE:BJS) follows on yesterday’s weak reports from Halliburton Co. (NYSE:HAL) and Weatherford International Ltd.…